Quote from cabletrader:
Connection fine here in UK, only the occasional blip. How's it going with Oanda forestgril, better than GFT? Making money? [/B]
the beginnings seem to always be the same... I've almost lost everything, more than 90% of capital (no patience, no trust in method and so on)
two weeks ago I had my record - I have made about +60% in two days on many (circa 100) transactions (the record was about 30-40% previously) (with stop losses of course, but only one pair - eur/usd). It was during a bizzare correcting move, so it was very hard and took me about 20 hours. After that (on 18.04) I have predicted the strong descend on eur/usd, but was so tired because of overnight play, that I could not even follow the trend (contrarian idiot...) and again my capital started hitting some even lower lows leaving me finally with some really funny "ice-cream money"...
I almost started thinking about writing a program - a neural network to play for me!
but practice is practice, so it does not matter for me if it is demo with 10000E or real 5,59E (yeap!) so I traded this further for practice
in the last few days something changed. I have noticed something concerning my indicators, started using it with my method in a longer (1-2h) time scale and have made 100% in one day, diversing on 3 pairs and about 50-100 transactions a day. Now I am finally about 240% comparing to the lowest low (now it is 13.50E) and it for sure is not a accident. Today I have made about +30% but it would easily be +50% if I was not preparing the dinner and some other things (no real concentration).
When I double my money again, I will insert 100E on the account and start multiplying it to regain my losses and to finally earn some money from the play. Wish me good luck!
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I think the connectivity problems are on my side, but again I see that Oanda is stop hunting for sure! I will open a new post about it, but lets look at it here now. The other similiar example will be shown later in a new post, but it is already in my post "Do not trade with Oanda if You want to trade seriously!").
Here comes the first screen, the green arrows shows a stop loss, which was not touched by a 10sec min/max chart, so ??? You know what it does mean. The low of today on eur/jpy was in fact 20 minutes before.
Oanda fu*k*rs knew that many people will have their stops there, because the move stopped near 61.8% fibonacci level of a bigger time scale.